09/10/2009 05:12 am ET Updated May 25, 2011

Barry Diller "Still Hasn't Figured Out How To Squeeze Riches For Shareholders From His Vision": LAT

But as the typically tepid results turned in recently by his IAC/InterActiveCorp demonstrate, he still hasn't figured out how to squeeze riches for shareholders from his vision.

The company earned $41 million, or 28 cents a share, for the quarter that ended June 30. That was an improvement over its $422-million loss a year earlier. But excluding one-time items such as asset sales, the earnings worked out to just 7 cents a share, slightly less than the 9 cents a share analysts expected.

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